Tech giant, Apple has become the first publicly traded company in the world to be valued at $1 trillion.

The tech company’s stock jumped 2.8 percent to as high as $207.05 around midday today, bringing its gain to about 9 percent since Tuesday when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares, Daily Mail reports. The iPhone maker’s shares are up 22 percent so far this year.

The company, which was started 42 years ago by two mavericks named Steve Jobs and Steve Wozniak, teetered on the edge of bankruptcy in 1997, with its stock trading for less than $1. In 2006, the year before the iPhone launch, Apple generated less than $20 billion in sales and net profit just shy of $2 billion.

By last year, its sales had grown more than 11-fold to $229 billion – the fourth highest in the S&amP 500 – and net income had mushroomed at twice that rate to $48.4 billion, making it the most profitable publicly-listed U.S. company.

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This is magnificent feat nonetheless. Steve Wozniak would have had crazy worth if he didn't sell his shares in the early 90s and Steve Jobs would have been the richest man on earth if he was still alive. Microsoft(Bill Gates) could be in a corner wondering, what if I didn't help Apple with my money when it almost folded up. 

Some Apple fans/users will use this as bragging rights despite not having any shares with the company. 

Kudos to Apple but they need to be innovative again after years to playing catch up. Amazon should be next, this is the effect of capitalist system. The rich gets richer 

N.B Petrochina did hit one trillion dollars first and that was over a decade ago.